You have agreed with a customer to draw up a bank bill for receivables.

The posting procedure for the bank bill is as follows:

1. You enter an outgoing invoice amounting to 10,000 FRF on the customer account. The system also posts to the reconciliation account "Receivables from goods and services" automatically.
2. Since you agreed on a payment by bill of exchange with your customer, the payment program issues the bill of exchange. It posts the payment by bill of exchange to the customer account and to the special G/L account for bill of exchange receivables.
3. The payment program clears the open items with the offsetting entry to the customer account. The receivable is also cleared on the reconciliation account "Receivables from goods and services".